Ethereum weekly is trading at $127 (during writing this thesis) and I would like to see three scenarios here for my weekly swing long in 2020.
1) Price should find support during Q1 2020 within the range of $90-100 level. Lots of traders expecting this support to hold. The problem is here it has already been tested (Jan 2019). So I would like to see on daily that should be very good buying power $86-90 and strong reaction on weekly. Otherwise, I would choose the second strategy.
2) If weekly Support will not hold another support on weekly is at $50. Personally I do not think so the price can be at so very much discount (BTC then would have around $3000). If so, even better for you to have limits buy as a good opportunity in 2020. Limit for long would be a range of $50-66.
3) Everything would change if the price will immediately push higher and close weekly above $150, then I will wait for re-test at our S/R flip level.
Strategy as follows: you can combine with your limits 1+2 options, if there will be found any more strength at one of our outlined supports, then you can add into your long position.
__________________________________________________________________________________________________________________
I do a daily observation of major currencies in forex and crypto. Do not miss any move, high-valued analysis or educational content.
Telegram: t.me/ADA_Public
Twitter: twitter.com/trader_ada
1) Price should find support during Q1 2020 within the range of $90-100 level. Lots of traders expecting this support to hold. The problem is here it has already been tested (Jan 2019). So I would like to see on daily that should be very good buying power $86-90 and strong reaction on weekly. Otherwise, I would choose the second strategy.
2) If weekly Support will not hold another support on weekly is at $50. Personally I do not think so the price can be at so very much discount (BTC then would have around $3000). If so, even better for you to have limits buy as a good opportunity in 2020. Limit for long would be a range of $50-66.
3) Everything would change if the price will immediately push higher and close weekly above $150, then I will wait for re-test at our S/R flip level.
Strategy as follows: you can combine with your limits 1+2 options, if there will be found any more strength at one of our outlined supports, then you can add into your long position.
__________________________________________________________________________________________________________________
I do a daily observation of major currencies in forex and crypto. Do not miss any move, high-valued analysis or educational content.
Telegram: t.me/ADA_Public
Twitter: twitter.com/trader_ada
discord.gg/3myy2DB
Please join and enjoy staying there
What is there?
- swings setups + live management of these setups
- weekly reviews
- requests charts for particular coins